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Property profile & analytics
FOR LEASE
Outlet malls

815 E Innes St Salisbury, NC 28144

86,279 SF 7.11 ac lot Built 1990
Entity Owned 4-yr Hold Free & Clear
Property ID
US53-0883713
Property summary
AI-generated overview

This exceptional retail opportunity is located at 815 E Innes St, Salisbury, NC 28144, within the Innes Street Station center. The property boasts a total of 64,780 square feet, currently featuring a single, large suite with 6,319 square feet immediately available for lease. Strategically positioned off Interstate 85 along East Innes Street, this high-traffic location benefits from excellent visibility and accessibility. The center enjoys a prime location in a high-demand retail area of Salisbury, experiencing consistently strong traffic counts. This makes it an ideal location for businesses seeking high exposure and customer reach. The property is anchored by established and successful national retailers, Big Lots and Harbor Freight, providing a strong co-tenancy base and drawing significant customer traffic to the center. The property is situated in Rowan County, North Carolina, offering easy access to major transportation routes and a thriving local community. This 6,319 square foot space presents a unique opportunity for a retailer seeking a prominent location in a well-established shopping center. The property's size and location offer significant potential for growth and success. Contact us today to learn more about this exceptional retail space.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1990
Total area 86,279 SF
Lot 7.11 ac (309,712 SF)
Zoning code B6
APN 019 517
UPID US53-0883713
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Michael Rinaggio, PharmD Pharmacy
  • Sears Appliance Repair Home Appliance Store
  • ATM Atm
  • Ashley Store Furniture & Home Goods Home Decor Store
  • Laura Moore Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.31M
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.76M
Blend (final) Blend
$3.42M
Owner & transaction history
New River Salisbury LLC · 4 yrs held
New River Salisbury LLC
since 2022
Last sale
$3.1M
1 recorded transaction
2022
$3.1M
Zoning & alternative use
B6 · Salisbury, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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